[215] However, Iain Duncan Smith said Carney's comment should be taken with "a pinch of salt", saying "all forecasts in the end are wrong". What quality of U.S. government bonds causes investors to buy them when market volatility rises? [80], 3,462 EU nationals were wrongly sent postal voting cards, due to an IT issue experienced by Xpress, an electoral software supplier to a number of councils. "[201][202] Two years later, one of Obama's former aides recounted that the public intervention was made following a request by Cameron.
"[264] A columnist for The Times, Philip Collins, went a step further in his analysis: "This was a referendum about immigration disguised as a referendum about the European Union. "[230] Three-quarters of a sample of NHS leaders agreed that leaving the EU would have a negative effect on the NHS as a whole. We are absolutely clear now that there is no way that the Remain side can win. Brexit Passes, United Kingdom Votes to leave European Union The referendum passed by a close margin, but Brexit — "British exit" — prevailed. [166], On the day of the referendum, sterling hit a 2016 high of $1.5018 and the FTSE 100 also climbed to a 2016 high, as a new poll suggested a win for the Remain campaign. It has no utility. In England, as happened in the 2011 AV referendum, the 326 districts were used as the local voting areas and the returns of these then fed into nine English regional counts. [190], In October 2015, United States Trade Representative Michael Froman declared that the United States was not keen on pursuing a separate free-trade agreement (FTA) with Britain if it were to leave the EU, thus, according to The Guardian newspaper, undermining a key economic argument of proponents of those who say Britain would prosper on its own and be able to secure bilateral FTAs with trading partners.
Again, we could be saved by the British. Below is a chart illustrating global trade patterns in 2018. [381], On 5 January 2017, Andy Haldane, chief economist and the executive director of monetary analysis and statistics at the Bank of England, admitted that the bank's forecasts (predicting an economic downturn should the referendum favour Brexit) had proved inaccurate given the subsequent strong market performance. Mr Farage continued: “We don’t know what’s going to happen but rumours over the last couple of days coming from Downing Street, that they could be prepared to settle for us staying aligned to EU rules. [318] It also tended to be greater where there was a large flow of Eastern European migrants (mainly low-skilled workers) into areas with a large share of native low-skilled workers. Government bonds form a large proportion of investor holdings, and corporate bonds are often priced relative to corporate bonds. [citation needed], In February 2016, the finance ministers from the G20 major economies warned for the UK to leave the EU would lead to "a shock" in the global economy. Which of these headlines is most likely to move a currency pair? [179], Marine Le Pen, the leader of the French Front national, described the possibility of a Brexit as "like the fall of the Berlin Wall" and commented that "Brexit would be marvellous – extraordinary – for all European peoples who long for freedom". [271] The First Minister of Wales, Carwyn Jones, said: "If Wales votes to remain in [the EU] but the UK votes to leave, there will be a... constitutional crisis. [41] These were: additional immigration controls, especially for citizens of new EU member states; tougher immigration rules for present EU citizens; new powers for national parliaments collectively to veto proposed EU laws; new free-trade agreements and a reduction in bureaucracy for businesses; a lessening of the influence of the European Court of Human Rights on British police and courts; more power for individual member states, and less for the central EU; and abandonment of the EU notion of "ever closer union". Which economic indicator is most directly linked to the average person's cost of living?
[388][389], On 4 March 2017, the Information Commissioner's Office also reported that it was 'conducting a wide assessment of the data-protection risks arising from the use of data analytics, including for political purposes' in relation to the Brexit campaign. Which of the following important U.S. economic indicators is only available on a quarterly basis?
... Brexit means Brexit. Help preserve this vital resource. [376] The FTSE 100 index fully recovered by 29 June and subsequently rose above its pre-referendum levels.
[67], In February 2016, Cameron announced that the UK Government would formally recommend to the British people that the UK should remain a member of a reformed European Union and that the referendum would be held on 23 June, marking the official launch of the campaign.
The results of the vote, binding or not, were immediate.
The impact of immigration on UK wages – National Institute of Economic and Social Research", EU referendum: UK could be better off leaving if TTIP passes, Joseph Stiglitz says, "Law firms will bear the brunt of Brexit, lawyers warn", "A Frenchman writes: Britain should say adiEU in June", "The Brexit-Trump syndrome: it's the economics, stupid", "EU exit could add two years to austerity, IFS says", "Majority of UK lawyers want to remain in the EU, poll finds", "Video: The UK's future economic relationship with the European Union", "EU referendum: Brexit 'could damage NHS', health boss warns", "NHS leaders fear negative impact of Brexit, survey says", "Brexit would put the NHS at risk, health leaders warn", "Guidelines cause UK health charities to be silent on Brexit", "Study finds 92% of fisherman will vote for Brexit", "Nine in ten fishermen will back Brexit, survey suggests", "Vote to leave EU would 'condemn Britain to irrelevance', say historians", "The winner of the Brexit Prize provides a blueprint for an open, independent Britain", "56% of Britons Would Vote to Quit EU in Referendum, Poll Finds", "Lord Ashcroft Europe Poll – Europe on Trial", "Britain divided?
[262][263] Net migration from the EU was 184,000. pic.twitter.com/ksP85a7mli, — Nigel Farage (@Nigel_Farage) June 23, 2020. Veterans for Britain was also fined £250 for inaccurately reporting a donation it received from Vote Leave. [306][307][308][309] With the national turnout of 72% being the highest for a UK-wide referendum, this roughly calculates to 38% of the entire UK population wanting to leave the European Union and roughly 35% wanting to remain in the European Union. U.S. government bonds are considered low risk. In practice, Conservative MPs who voted to remain in the EU would be whipped to vote with the government.
[262][263], After the announcement had been made as to the outcome of the referendum, Rowena Mason, political correspondent for The Guardian offered the following assessment: "Polling suggests discontent with the scale of migration to the UK has been the biggest factor pushing Britons to vote out, with the contest turning into a referendum on whether people are happy to accept free movement in return for free trade. Nevertheless, Cameron announced that Conservative Ministers and MPs were free to campaign in favour of remaining in the EU or leaving it, according to their conscience. "[236] On the other hand, many historians argued in favour of leaving, seeing it as a return to self-sovereignty.
[162][163], Uncertainty over the referendum result, together with several other factors—US interest rates rising, low commodity prices, low Eurozone growth and concerns over emerging markets such as China—contributed to a high level of stock market volatility in January and February 2016. & [18] Political integration gained greater focus when the Maastricht Treaty established the European Union (EU) in 1993, which incorporated (and after the Treaty of Lisbon, succeeded) the European Communities.[18][19]. [322] Opinion polling by Lord Ashcroft Polls found that Leave voters believed leaving the EU was "more likely to bring about a better immigration system, improved border controls, a fairer welfare system, better quality of life, and the ability to control our own laws", while Remain voters believed EU membership "would be better for the economy, international investment, and the UK's influence in the world".
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